United Airlines has said that it will probably cancel pensions in order to cut costs and recover from bankruptcy. According to the pension benefit guaranty about 119,000 United retirees, current workers and former employees are covered by United's plans. It is speculated that the airline may offer some type of less generous "replacement" pension plan.
See "United 'Likely' to Cancel Pensions", James F. Peltz, Los Angeles Times, August 19, 2004